Cabinet approves payment of Productivity Linked Bonus equivalent to 78 days to railway employees

The Union Cabinet chaired by the Prime Minister Narendra Modi, today has given its ex-post facto approval for payment of Productivity Linked Bonus to railway employees for the financial year 2021-22.

Payment of PLB to eligible railway employees is made each year before the Dusshera/Puja holidays. This year also, PLB amount equivalent to 78 days wages has been paid to about 11.27 lakh non-gazetted Railway employees. The maximum amount payable per eligible railway employee is Rs. 17,951/- for 78 days. The above amount has been paid to various categories viz. Track maintainers, Drivers & Guards, Station masters, Supervisors, Technician, Technician Helper, controller, Pointsmen, Ministerial staff & other Group ‘C’ staff.

The financial implication of payment of 78 days PLB to railway employees has been estimated to be Rs. 1832.09 crore. The above decision for payment of PLB has been taken despite adverse financial situation caused by post Covid-19 challenges.

The actual number of PLB days paid is more than the days worked out on the basis of defined formulae. The payment of PLB acts as an incentive to motivate the railway employees for working towards improvement in the performance of the Railways.


Next Story :

  • Infosys To Create 17000 New Jobs In Telangana, Expand IT Campus In Pocharam

    Infosys To Create 17000 New Jobs In Telangana, Expand IT Campus In Pocharam

    Davos/Internet/Hyderabad, Jan 23 (Maxim News):  IT giant Infosys has announced the expansion of its Pocharam campus in Hyderabad to create 17,000 jobs in addition to the existing 35,000 jobs, making it one of their largest campuses in the country.


  • WIPRO To Open New IT Centre In Hyderabad, Creating 5,000 Jobs

    WIPRO To Open New IT Centre In Hyderabad, Creating 5,000 Jobs

    Davos/Internet/Hyderabad, Jan 23 (Maxim News): Wipro, a big IT company, has decided to open a new office in Gopanpally, which is part of the Financial District in Hyderabad. This news was shared when Wipro’s Chairman, Rishad Premji, met with the Chief Minister of Telangana. Revanth Reddy, in a city called Davos.


  • BIG NEWS: Amazon To Invest ₹60,000 Crores In Hyderabad

    BIG NEWS: Amazon To Invest ₹60,000 Crores In Hyderabad

    Davos/Internet/Hyderabad, Jan 23 (Maxim News): Investments azre pouring into Telangana as part of Davos. Leading company Amazon has agreed to invest heavily in Telangana. It has signed an agreement with the government to invest Rs. 60,000 crore in data centers in the state.


  • World Economic Forum: Rs. 56,300 Cr Investment In Telangana In A Single Day

    World Economic Forum: Rs. 56,300 Cr Investment In Telangana In A Single Day

    Davos/Internet/Hyderabad, Jan 23 (Maxim News) Telangana has set another new record at the World Economic Forum in Davos. It has mobilized the largest investment in a single day ever. On Wednesday, three companies signed agreements worth Rs. 56,300 crore for the state. These will create around 10,800 job opportunities for the youth of Telangana.


  • Ram Gopal Varma Sentenced to Jail in Cheque Bounce Case: Issued Non-Bailable Warrant

    Ram Gopal Varma Sentenced to Jail in Cheque Bounce Case: Issued Non-Bailable Warrant

    Hyderabad, Jan 23 (Maxim News): Bollywood filmmaker Ram Gopal Varma has been sentenced to three months of simple imprisonment in a cheque bounce case. The Andheri Magistrate Court, which has been hearing the case for seven years, delivered the verdict on Tuesday. However, Varma’s absence from the hearing led the court to issue a standing non-bailable…


Now you can get latest stories from Indtoday on Telegram everyday. Click the link to subscribe.  Click to follow Indtoday Facebook page and Twitter and on Instagram. For all the latest Hyderabad News updates

Leave A Reply

Your email address will not be published.